This is the busiest time of year now and ahead for Cloncurry copper explorers.
I thought a new thread as we look forward now to news flow into Christmas and next year.
Hedley Widdup, Lion Selection, this week at RRS conference said he had been mostly buying gold until now in recent times, in the past year—-however he especially now likes copper, now that it is ‘softer’.
He says that this provides opportunity.
However ,
he said that it is not so much that he ‘likes copper’ as in copper stocks more now, …but that more specifically he likes a region—for copper & investing in companies.
And this is the Cloncurry region for copper company stocks.
And then explained how there is a lot of copper here, Cloncurry , to be found now and discovered now in this region.
Where CPM ground also is.
Clearly there is historic past copper mining & mines and past towns which once existed due to the prolific high grade surface copper mined here in the past.
So he explained - that rather than having an investing strategy and focus so much on copper in the asx, he specifically is focused on this region.
And Cloncurry copper companies- with a number of stocks and ways he is thinking of to best invest to maximise gains now in the next year & years ahead.
This is what he has been focused on and researching.
Cloncurry copper stocks, companies with good people at the helm.
Hedley also sees the time on the resources investing clock right now as being about 4 o’clock.
ie.very early to the resources commodity cycle.
But that we could get to 6 o’clock very fast, with increasing mergers and acquisitions activity that would heighten interest from investors to enter stocks in the sector.
From 6 to 12 o’clock he said is the bull market time for resources stock investors.
Lowell resources fund also still hold Cooper metals shares though they don’t represent as much proportionate value within their listed fund as once did earlier this year even, but clearly they see the value in holding CPM.
CPM is not a new company anymore and people, this time of year we can have forgotten the great number of compelling copper and gold results that the company has had across tenements to date.
As well as the valuable WA land area.
Regular news from the MD and geo team awaited.
It is the best time of year with also activities from other Cloncurry explorers, potential discoveries from multiple drilling programmes.
Plus potentially some action with for example Chinova having exited to the south and SE of Cloncurry, potentially opening the way for one of the majors or mid- tier companies to undertake some amalgamation of resources , towards new mining.
And associated future additional processing development needed for near neighbours to ultimately develop new mining
All on Cooper metals boundaries & nearby.
Local miners and mining needs new economic deposits of copper ore to feed ongoing developments.
We have Rio, FMG, S32, Anglo - American, Sumitomo, and of course Glencore - all are actively exploring and assessing juniors lands as well.
For more copper
As well as other active miners with EVN, A1M.
AIS needing to develop new mining in future years, following the end of their current Cloncurry mine life in a years time.
Carnaby and Hammer formed agreement for Mt Hope- CPM hold continuing Mt Hope ground.
It would be difficult for a new company to now acquire land holdings as CPM, Cooper Metals, hold.
CPM funded also to drill through this year ahead.
